Ola To Set Up E-scooter Factory In Tamil Nadu, Invest Rs 2,400 Crore
Cab aggregator Ola's CEO Bhavish Aggarwal has announced to invest Rs 2,400 crore for establishing a manufacturing plant for its subsidiary, 'Ola Electric', in Tamil Nadu. The plant will have an initial annual capacity of two million units. Touted to be the biggest e-scooter factory in the state, the plant aims to create 10,000 jobs. "This will be one of the most advanced manufacturing facilities in the world," said Bhavish.